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Topic: Wiley Module 18 Business consolidation (

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decidedtobecpa
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Joined: 15 Feb 2011
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Posted: 02 May 2011 at 12:20 \| IP Logged

Non-Controlling interest problem Pearl and Sapphire

Is there is an error in computing fair value of Net Identifiable assets on page 615. It is mentioned that net identifiable value is equal to book value, in that case why is it calculated using values of previous example (see step 2)

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decidedtobecpa
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Posted: 03 May 2011 at 10:04 \| IP Logged

Can someone help me with problem?

watswidme
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Joined: 07 Jun 2009
Location: United States
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Posted: 03 May 2011 at 12:04 \| IP Logged

There's a asterisk in the FV adjustments that says
disregard it. I think it was a problem that they just
forgot to edit. haha

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decidedtobecpa
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Posted: 03 May 2011 at 16:07 \| IP Logged

Thanks for confirming my doubt :)

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